Brokerages Set Federal Realty Investment Trust (NYSE:FRT) Target Price at $119.77

Shares of Federal Realty Investment Trust (NYSE:FRT) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $119.77.

A number of research firms have recently commented on FRT. Wells Fargo & Company dropped their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Truist Financial cut Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $114.00 to $105.00 in a research report on Thursday, March 13th. Scotiabank decreased their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Raymond James cut their price target on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Mizuho decreased their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FRT. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust during the fourth quarter worth approximately $30,000. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth $36,000. Kapitalo Investimentos Ltda purchased a new position in shares of Federal Realty Investment Trust during the 4th quarter worth $51,000. Venturi Wealth Management LLC boosted its position in shares of Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 333 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 111 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Trading Down 0.3 %

Shares of NYSE:FRT opened at $97.28 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12-month low of $94.58 and a 12-month high of $118.34. The business has a 50 day moving average of $104.60 and a two-hundred day moving average of $110.20. The company has a market capitalization of $8.34 billion, a PE ratio of 28.36, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. As a group, analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.52%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.